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Microcap & Penny Stocks : TASA. Can someone with KNOWLEDGE help!!!!

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To: Ralph Bergmann who wrote (126)1/23/1998 10:15:00 AM
From: Thomas Kirwin  Read Replies (1) of 601
 
Current Nasdaq Listing Requirements

*effective August 22, 1997

The Nasdaq SmallCap Listing Requirements

The current amendments to The Nasdaq Stock Market listing requirements, which were approved by The U.S. Securities and Exchange Commission on August 22nd, further strengthen both the quantitative and qualitative requirements for issuers listing on Nasdaqr. For the first time, corporate governance requirements applicable to the Nasdaq National Market will extend to The Nasdaq SmallCap Market. These changes materially enhance the threshold criteria necessary to qualify for listing on The Nasdaq SmallCap Market.

Nasdaq believes that the new requirements will further the protection of investors while enhancing the quality of The Nasdaq Stock Market. Companies failing to satisfy the new continued listing requirements will be allowed until February 23, 1998 to meet the new requirements. Companies should initiate appropriate corporate action necessary to achieve full compliance by February 23, 1998.

Go here for full listing requirements:

nasdaq.com

Regards,

Tom
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